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SBTi Releases Net-Zero Standard for Financial Institutions

SBTi Releases Net-Zero Standard for Financial Institutions

The Science Based Targets initiative (SBTi) has released its finalized Financial Institutions Net-Zero (FINZ) Standard, the first global framework to guide banks, asset owners, asset managers, insurers, and other financial institutions in aligning their lending, investing, insurance, and capital markets activities with net-zero emissions by 2050. What Is the SBTi? Launched in 2015, the…

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GRI Releases Draft Sustainability Reporting Standard for Textile and Apparel Sector

GRI Releases Draft Sustainability Reporting Standard for Textile and Apparel Sector

The Global Reporting Initiative (GRI) has released its Textiles and Apparel Sector Standard exposure draft, aimed at improving sustainability disclosures in industries including textile, apparel, footwear, and jewellery. What’s Covered in the Draft Scope: Targets companies in the textile, apparel, footwear, and jewellery sectors.   Material Topics: Proposes 18 key disclosures, including…

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Singapore Launches National Framework for Sustainability Reporting Training

In a strategic move to strengthen sustainability capabilities across sectors, the Accounting and Corporate Regulatory Authority (ACRA) has officially launched the Sustainability Reporting Body of Knowledge (SR BOK)—a national framework designed to guide training providers in delivering high-quality, globally aligned sustainability reporting programmes. This initiative marks a major step in aligning Singapore’s sustainability education ecosystem…

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EU Unveils New Water-Saving Subsidies for Farmers Under Next CAP

The European Commission is preparing a sweeping update to the Common Agricultural Policy (CAP), introducing a new wave of subsidies aimed at promoting water-efficient farming across the continent. Amid growing concerns over drought and water scarcity, the upcoming CAP revision will include targeted support to help farmers adapt to climate pressures while protecting Europe’s vital…

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EU Eases CBAM Rules for SMEs—While Maintaining Strong Climate Protections

In a major move aimed at balancing environmental integrity with economic practicality, the European Union is moving forward with changes to the Carbon Border Adjustment Mechanism (CBAM) that will ease compliance burdens on small and medium-sized enterprises (SMEs) while continuing to cover 99% of import-related CO₂ emissions. The European Parliament’s Environment Committee has endorsed the…

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Global Harmonized Guidelines Aim to Boost Investment in Circular Economy Projects

A new set of Harmonized Circular Economy Finance Guidelines has been launched to close a persistent gap between businesses and financial institutions when it comes to investing in circular economy initiatives. Despite growing interest, many companies continue to underestimate the financial potential of circular practices, while investors face uncertainty over what qualifies as a fundable…

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Regulatory Update – Guidelines on Enforcement of Sustainability Information

In a significant regulatory shift, the European Union has introduced updated enforcement guidelines to ensure sustainability disclosures are supervised with the same rigour as financial reporting. Effective 1 January 2025, national regulators across the EU will implement a harmonised enforcement approach under the Transparency Directive. The guidelines outline how regulators should: Select companies for…

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EU Sustainability Rules Under Review: A Critical Moment for ESG Transparency

EU Sustainability Rules Under Review: A Critical Moment for ESG Transparency The European Commission’s ongoing review of corporate sustainability disclosure requirements has triggered significant debate among investors, regulators, and sustainability advocates. Proposed amendments aimed at easing regulatory pressures on European businesses—particularly small and medium-sized enterprises (SMEs)—have been met with mixed reactions. While the initiative seeks to…

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